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Oct 1, 2012
10/12
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, alleged stronger economy. everything is in quotes. >> that's right. to me that is why '09 is an analogy for europe because the financial crisis really plateaued in the u.s. in the spring of '09 and the economic data didn't show improvement until the late '09. >> good to have you as always on the program. let's take a look at the markets as we head to break. have you the dow up 150 points, perhaps offer the best levels and nasdaq way off the highs as well and a rare one at that given what mondays have usually meant to the markets over the last several months. up next, live from the value investing congress, the fourth quarter playbook continues live as i fannish from the heart of new york city. will financialing out shine and which pang stocks should you bet on and how big of a threat is china to u.s. stocks? halftime reports comes back. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can cus
, alleged stronger economy. everything is in quotes. >> that's right. to me that is why '09 is an analogy for europe because the financial crisis really plateaued in the u.s. in the spring of '09 and the economic data didn't show improvement until the late '09. >> good to have you as always on the program. let's take a look at the markets as we head to break. have you the dow up 150 points, perhaps offer the best levels and nasdaq way off the highs as well and a rare one at that...
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Oct 2, 2012
10/12
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>> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up this economy and great growth. you can't do anything in this country until you get growth going again. until there are plans in place. talking about a tax reduction so that they can spend more money. so that they are xare competiti with over seas people. >> you heard governor gilmore and in your opening, you basically said okay the economy is not as bad as you think. what i want to hear is what you and president obama would do in a second term. what positives would you put into place? >> we do need a jobs bill. someone said that the recovery bil
>> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up...
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Oct 2, 2012
10/12
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what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there was one counter intuitive thing i learned that apparently the move to the paperless office is endangering the forest. now they are not useful to be sold for paper but other things that will destroy theforest. i thought that was interesting. it was very counter intative. >> taking the trees down and selling it for lands or other uses. >> she was urging me to use paper. that was funny. >> you pulled out a pad and started writing. >> i really wouldn't have expected that. i think there is -- >> do you think that is why bernanke is printing all this money? trying to save the trees. >> this i
what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there...
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Sep 30, 2012
09/12
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> i'm susan hendricks. let's get you caught up on the headlines now. as the president and mitt romney prepare for wednesday's first presidential debate, we've learned a little inside info on how they're getting ready. senator john kerry is going to play the role of mitt romney when the president holds his practice sessions. rob portman is portraying the president in mitt romney's preps. you can catch that debate at 7:00 p.m. eastern on cnn and also cnn.com. >>> the pope's butler went on trial, accused of stealing secret papers and leaking them to an italian journalist. the butler faces a sentence up to eight years if convicted. >>> a rival b
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> i'm susan hendricks. let's get you caught up on the headlines now....
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Sep 30, 2012
09/12
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economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves competitive. america has to make itself attractive for investors, consumers and tourists alike but also should make the crucial investments we need for a 21st century economy. these two views look at the same challenge from different perspectives. governor romney's right to look at the world that companies operate in with its challenges and opportunities. over the last 20 years as communism collapsed and socialism discredited there have been lower taxes and stream lining of regulations. the u.s. has to stay competitive or over the long run, investment, industry and jobs will move to other la
economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves...
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Oct 2, 2012
10/12
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economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively before he took the stage at the event. now, 700 of the total 1100 jc penney stores are being outfitted with shops.
economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can...
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Oct 3, 2012
10/12
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i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the export economy. you're saying that it's in trouble, it's broken. >> i'm not saying it's broken. i'm saying there's a transition going on towards consumption exporting to europe and real estate are no longer going to be their drivers nap will probably create more volatility than we've had in the past. >> how easy is it to expect this transition? you're buying in the consumer space. >> yes, and you have the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're very concerned about what the traditional bank
i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the...
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Sep 29, 2012
09/12
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we live in a global economy. we can't change that. the best thing we can do to bring middle class america back is have economic growth. we won't have that until we have some kind of political leadership. i'm particularly talking about congress to set tax policies and get us out of this constant deficit. >> that's a very good point, why we brought up the fiscal cliff, quite frankly, you're seeing these little signs of life in the housing market, this fiscal cliff comes from elected officials. >>> don't go away, we will talk about the middle class itself and why your trip to the mall this weekend may be subsidizing your own demise. st plug is into, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. and the family car to do an experiment. we put a week of her family's smelly stuff all in at once to prove that febreze car vent clips could eliminate the odor. then we brought he
we live in a global economy. we can't change that. the best thing we can do to bring middle class america back is have economic growth. we won't have that until we have some kind of political leadership. i'm particularly talking about congress to set tax policies and get us out of this constant deficit. >> that's a very good point, why we brought up the fiscal cliff, quite frankly, you're seeing these little signs of life in the housing market, this fiscal cliff comes from elected...
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Sep 27, 2012
09/12
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the economy needs manufacturing. machines, tools, people making stuff. companies have to inst in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dolla k he. om tye in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. it's a big day for this >>> we're back on "politicsnation." have you guys ever heard othe onion? it's a newspaperhat does these hysterical stories. ut.ck out some of the li terrified personal assistant tells clint eastwood. and another says, romney accidently introduces his family members by their third annual incomes instead of their names. and get a ld o this, george w. bush attends a key note conference in the cayman islands. you can't be serious. this is not an onion headline? it's not a joke? orusit b conference speaker in the cayman islands the week before the election, the week before the famous cayman runs for office? no. this is t an onion article but t
the economy needs manufacturing. machines, tools, people making stuff. companies have to inst in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dolla k he. om tye in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. it's a big day for this >>> we're back on "politicsnation." have you guys ever...
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>> for middle class voters, but because he knows that will jump start the economy, gets the economy going better, and the only way to pull out of this mess is to have actual economic growth. mitt's been successful everywhere he goes. in massachusetts, they were $3 billion in the hole, and things were going bad. he turned that around, balanced the budget all four years, and, of course, he did it without raising taxes. the president's raised taxes 19 times. mitt cut taxes 19 times as governor. all i can say is that the only way we work ourselves out of the problems is by basically doing things that will spur on growth and everything that romney's talking about economically will spur on growth. neil: quickly, do you think they push back the rates, the cuts, everything, as some other guests told me? no matter who is elected in november, for another six months to sort this out? >> well, you know, one thing is i never saw the president come up with a plan other than to raise taxes on those earning over $200,000 a year. neil: six month plan, is that what seems increasingly likely? >> well, i thi
>> for middle class voters, but because he knows that will jump start the economy, gets the economy going better, and the only way to pull out of this mess is to have actual economic growth. mitt's been successful everywhere he goes. in massachusetts, they were $3 billion in the hole, and things were going bad. he turned that around, balanced the budget all four years, and, of course, he did it without raising taxes. the president's raised taxes 19 times. mitt cut taxes 19 times as...
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Sep 26, 2012
09/12
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economy. we have better data points coming out. we have also very low expectations in terms of profits and earnings headed into earnings. remember last quarter the same thing happened and the markets rallied. i am not sure you will get this massive dip especially when the environment is better. >> that's what makes the markets, ladies and gentlemen. >> not cle shea at all, courtney reagan with two tech stocks on the move. >> thank you very much, michelle. much needed good news for research in motion, a name we talk about a lot. they're getting a lift after estimates are raised at goldman sachs citing the unexpected increase in the smartphone subscriber pace. that was announced at the blackberry jam conference yesterday. apple is down 5% since the release of the iphone 5, a surprise to many, michelle. >> thank you, courtney. still ahead, where should you be investing in earnings season derails the rally and homes over 40%. we will show you great data points we found. stay tuned. sometimes investing opportunities are hard to spot. yo
economy. we have better data points coming out. we have also very low expectations in terms of profits and earnings headed into earnings. remember last quarter the same thing happened and the markets rallied. i am not sure you will get this massive dip especially when the environment is better. >> that's what makes the markets, ladies and gentlemen. >> not cle shea at all, courtney reagan with two tech stocks on the move. >> thank you very much, michelle. much needed good news...
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Sep 27, 2012
09/12
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we could grow the economy. that's what governor romney is going to try to do and i think eventually that will be reflected in the polls. >> when i look at my own state, our governor quinn has let a few slips, call them freudian slips almost hinting that should illinois get in big trouble, probably the federal government will find a way to help. this is nothing that i want to hear even talked about indirectly. do you think this will be an issue at some point? >> it could be. and let me be very clear. in nebraska and all across america, i just chaired the national governor's association this past year. americans do not want the federal government to bail out states that have failed, that have failed to adopt a balanced budget, that they continue to raise taxes. that's not what we want as americans. we want states to control their spending, create more jobs. so i certainly don't think the federal government ought to bail out a state like illinois or california if they can't do it themselves. >> governor, it's been
we could grow the economy. that's what governor romney is going to try to do and i think eventually that will be reflected in the polls. >> when i look at my own state, our governor quinn has let a few slips, call them freudian slips almost hinting that should illinois get in big trouble, probably the federal government will find a way to help. this is nothing that i want to hear even talked about indirectly. do you think this will be an issue at some point? >> it could be. and let...
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Sep 26, 2012
09/12
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. >>> our second story "outfront," mitt romney and president clinton playing. playing nice. the former president gave romney a warm introduction today at the clinton global initiative. actually praising a service program that the republican had supported. and romney returned the favor. >> if there's one thing we've learned in this election season, by the way, it is that a few words from bill clinton can do a man a lot of good. [ laughter ] >> sort of a double-edged sword there, but nonetheless, a fun laugh line. romney went on to lay o
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that...
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Sep 28, 2012
09/12
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rooted in the belief that growing our economy begins with a strong, thriving middle class. compare my plan to governor romney's and decide for yourself. >> eliot: to help voters make the decision, the obama campaign also put out another ad today putting pictures of real people over mitt romney's notorious comments to wealthy donors about americans who don't pay income tax. >> 47% of the people -- who are dependent on government. who believe they're victims. who believe government has responsibility to care for them. who believe they're entitled to healthcare and food, to housing, to you name it. >> eliot: while mitt romney and his super pac allies have raised more money than the president and his allies, the margin is surprisingly small. according to the "washington post," the president has raised $779 million just $5 million less than the republicans. the democrats have spent more, $612 million. there is help on the way for the campaign. democratic super pacs have started to bring in large donations. politico is also reporting today that financier joe is giving a million d
rooted in the belief that growing our economy begins with a strong, thriving middle class. compare my plan to governor romney's and decide for yourself. >> eliot: to help voters make the decision, the obama campaign also put out another ad today putting pictures of real people over mitt romney's notorious comments to wealthy donors about americans who don't pay income tax. >> 47% of the people -- who are dependent on government. who believe they're victims. who believe government...
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Oct 4, 2012
10/12
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it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is time for the fed to tighten and it could raise rates in other sectors. however, most participants believe the risk of qe as detailed there could be managed. >>> now a couple issues here. the effectiveness of the calendar date guidance. remember they extended that into 2015. but there's a big debate on the fed about whether or not this is effective. they worry that the change could be seen as an economic downgrade and not have a positive economic impact. they also said they prefer economic factors to calendar dates. sounds easy, right? no. because they can't agree on whether to use numerical targets and what they should be. they're discussing th ining the discussing these numeric targets. >>> that's a lot of information to process. we're going to do what we are calling the fed minutes in a minute. you have 60 seconds to break it down, pull out the nuggets that we need to know about and that are going to move the markets. your time
it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is time for the fed to tighten and it could raise rates in other sectors. however, most participants believe the risk of qe as detailed there could be managed. >>> now a couple issues here. the effectiveness of the calendar date guidance. remember they extended that into 2015. but there's a big debate on the fed about whether or not this is effective. they worry that the change could...
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Sep 27, 2012
09/12
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more thaever. chevron's putting more than $8 billion dollars in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ now we need a ltle bit more... little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you havinfu doing this? yeah. that's a very nice cake! [ male announcer ] wel you can'teat them. [ giggles ] ohh! you got something huh? oa [ anc ] huna ust the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let's do it grandpa. that's why humana agents will sit down with you, to listen and understand what's important to you. 's w we help u choo thghmaedicare planunders
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more thaever. chevron's putting more than $8 billion dollars in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ now we need a ltle bit more... little bit more vanilla? this is great! [ male announcer ] at humana, we...
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Oct 4, 2012
10/12
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the economy is expected to shrink by 3.3% and unemployment is at 15.9%. trading in frankfurt was quiet as a result of the public holiday. our correspondence sent us this report from the frankfurt stock exchange. >> the traders, like traders anywhere, are always looking for direction, always looking for something to point them in the right direction but they did not find it this day. there was mixed news from the eurozone, greece still in trouble and portugal with much -- a much better situation, testing its viability in the financial market. the dax going up and down as a result. factoring in economic news from the united states, which was also mixed. some good, some bacteria and waiting for spain to make a decision on whether it would take help from the european bailout fund. it hopes to get an explanation, perhaps, from mario draghi, the president of the ecb after the central bank will have met. >> let's take a closer look at some of the market members. teh dax close the day almost a quarter percent up. the euro stoxx 50 close to just a tad down at 2492
the economy is expected to shrink by 3.3% and unemployment is at 15.9%. trading in frankfurt was quiet as a result of the public holiday. our correspondence sent us this report from the frankfurt stock exchange. >> the traders, like traders anywhere, are always looking for direction, always looking for something to point them in the right direction but they did not find it this day. there was mixed news from the eurozone, greece still in trouble and portugal with much -- a much better...
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Sep 28, 2012
09/12
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and fade the economy. sell materials because those are exposed to the global economy. it makes some sense in theory. but the world doesn't act that way anymore. so look what's happened. the overall market has done very well. i'm sticking with sectors for the month. but this is true for the quarter as well. if you're fading materials, it doesn't make sense. it's been one of the big gainers. energy stocks have been big gainers. so a whole market has been lifted because of the actions of the federal reserve. take a look at the global indices. that hasn't worked that well this month or quarter at all. spain, germany and brazil have outperformed the s&p 500. and even china, while it isn't doing great, i'm not making any claims it is, it's almost on the par with the united states so far this month. my point here, carl, is don't fight ben bernanke. if he came out and said, ladies and gentlemen, me and mr. drogy and i want people to buy stewed prunes, everybody should listen carefully. you may think it's wrong, but i sure would not go out and short stewed prunes on that idea.
and fade the economy. sell materials because those are exposed to the global economy. it makes some sense in theory. but the world doesn't act that way anymore. so look what's happened. the overall market has done very well. i'm sticking with sectors for the month. but this is true for the quarter as well. if you're fading materials, it doesn't make sense. it's been one of the big gainers. energy stocks have been big gainers. so a whole market has been lifted because of the actions of the...
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Oct 1, 2012
10/12
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also one of the hottest economies in the world. for the last year and a half the country has been run by sebastian panera. he made his fortune bringing credit cards to chile in the late 1970 wrz, richard quest joining us from london. tell us about this. pretty impressive resume for panera. >> not only impressive, but, of course, made international status, hero status, when he led his country's search and rescue off the famous chilean miners last we're. tv the sight of the president constantly always being there with the families that actually moved so much of the world now it's starting to criticize the united states. specifically, quantitative easing. that's the printing of money by the federal reserve. in an exclusive interview you with me the president said that simply printing money in america will not do the trick of rescuing the u.s. economy. >> yes. can you bring money and maybe you can solve the short-term problems. you will never solve the american problem just by printing money. you need to do much more than that, which i
also one of the hottest economies in the world. for the last year and a half the country has been run by sebastian panera. he made his fortune bringing credit cards to chile in the late 1970 wrz, richard quest joining us from london. tell us about this. pretty impressive resume for panera. >> not only impressive, but, of course, made international status, hero status, when he led his country's search and rescue off the famous chilean miners last we're. tv the sight of the president...
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find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines kaiser report on. the news a secret laboratory to mccurdy was able to build the world's most sophisticated raw . which one does it do the doing about anything to mission to teach religion and why you should care about humans. this is why you should want your only on the altar you don't. welcome back so on any given day oil seems to me moves enough to be news worthy and today is no exception we saw oil go up the most it has in eight weeks and this is after it had been falling now these are often attributed these moves to macro economic factors to supply demand conflict concerns expectations of stimulus in an economy for example china which is what the headline reads today but let's look back at another headline let's just go to two thousand and seven it's just easy to pull up take a look at this ok this is just a few years ago or oil prices tumble briefly trading below fifty dollars a barrel so five years ago we had fifty dollars a barrel oil what has cha
find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines kaiser report on. the news a secret laboratory to mccurdy was able to build the world's most sophisticated raw . which one does it do the doing about anything to mission to teach religion and why you should care about humans. this is why you should want your only on the altar you don't. welcome back so on any given day oil seems to me moves enough to be news...
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Oct 1, 2012
10/12
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some romney advisers to keep the focus on the economy, some are saying romney should have a major foreign policy speech days after the debate. over the weekend, the white house was on the defensive after the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was part of the spontaneous protest after an anti-islamic video. yesterday paul ryan and john mccain slammed the administration's handling of the deadly attack. >> the response was slow, confused, inconsistent. they first said it was a youtube video and a spontaneous mob. we now know it was a planned terrorist attack if this was one tragic incident that would be a tragedy in itself. the problem is it's part of a bigger picture that the obama foreign policy is unraveling before our eyes on tv screens. >> i think it interferes with the depiction that the administration is trying to convey that al qaeda is on the wane, everything i
some romney advisers to keep the focus on the economy, some are saying romney should have a major foreign policy speech days after the debate. over the weekend, the white house was on the defensive after the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was part of the spontaneous...
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times square for a special loose change to see if we're seeing any impact from what's going on in the economy now let's get to today's capital account. all right so as i said at the top of the show the e.u. parliament committee voted unanimously for tighter restrictions on banks trading in this included curbing high frequency trading they voted towards that now add this to a list of countries that have either proposed or an active bans or some kind of provisions regulating more tightly high frequency trading ok germany canada. also australia i believe so where is the u.s. on this list and why is it not on it especially after we've seen the flash crash of two thousand and ten and more recently the knight capital debacle well i'm in new york which means i had a chance to sit down with a real industry veteran oks a commodities and futures industry veteran he was the board member at the new york mercantile exchange and he was president of the ny mex clearinghouse so he really has been intimately involved in monitoring these markets and seen more regulation has faltered he says in the case of high
times square for a special loose change to see if we're seeing any impact from what's going on in the economy now let's get to today's capital account. all right so as i said at the top of the show the e.u. parliament committee voted unanimously for tighter restrictions on banks trading in this included curbing high frequency trading they voted towards that now add this to a list of countries that have either proposed or an active bans or some kind of provisions regulating more tightly high...
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you shouldn't be investing in the real economy because there's not going to be demand in the future so we need to have an economy which is reorganized towards the goal of real investment in production and governments can take the lead in that process both directly through spending but also in terms of tax policy and the signals at their son to the private sector in terms of investment you're critical office tower it's a naturist introduced in latvia but still christine lagarde has recently said let's be easy inspiration for european leaders grappling with the euro crisis how do you respond to that well christine legarde and the i.m.f. generally and the pundits who have been supporting austerity as the proper solution for what ails the world's economies have been desperately seeking a success story and they think they have finally found one in latvia so we have all of these failures and there are some aspects of the latvian austerity story that one could read as a success we do have a return to economic growth after seeing this really huge collapse which occurred in two thousand and eig
you shouldn't be investing in the real economy because there's not going to be demand in the future so we need to have an economy which is reorganized towards the goal of real investment in production and governments can take the lead in that process both directly through spending but also in terms of tax policy and the signals at their son to the private sector in terms of investment you're critical office tower it's a naturist introduced in latvia but still christine lagarde has recently said...
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Sep 30, 2012
09/12
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CSPAN2
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we have a stagnant economy. what it means is that if you make a contract two years from now for a fixed amount, the value will be the same as it is today. when you make an investment, when you value that investment, it is the future stream of income. well come you don't know what the dollar will be worth. $120, less investment, the economy is stagnating. just as it was in the 1970s. again, government creates the environment. stable money. don't go on the spending ventures and run the economy. >> host: steve forbes, you have been preaching this message for many years. why are we still talking about this? >> that's a good question. we asked that question in the book after the terrible decade of the 1970s. we had milton friedman come along. a huge bestseller and series on television. while reagan comes in and makes remarkable reforms and america blossoms again. why are we going backwards. this is something not understood, and that is free markets are not inherently unstable. every major economic crisis has its orig
we have a stagnant economy. what it means is that if you make a contract two years from now for a fixed amount, the value will be the same as it is today. when you make an investment, when you value that investment, it is the future stream of income. well come you don't know what the dollar will be worth. $120, less investment, the economy is stagnating. just as it was in the 1970s. again, government creates the environment. stable money. don't go on the spending ventures and run the economy....
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Sep 27, 2012
09/12
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FBC
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economy. i think we could see pretty rapid rates of growth in next couple years if we get some of these problems solved which i think is coming. i think we'll see tax reform. i think we'll see entitlement reform in this country. you know what? give how bad this recovery has been so far, melissa, we're still five million jobs short where we were five years ago. melissa: yeah. >> you get the economy moving again that debt-to-gdp ratio falls. that is the good news of the story that is not reported. you have to grow the gdp, which is the numerous rate tore, i mean the denominator then you get the debt-to-gdp ratio fall. you need growth and spending cuts. melissa: you think the political will is out there to really riot at some point? >> i think washington, look i think the american people, the vast majority of us, are willing to make these decisions about, what are we going to do about the future of medicare and social security. the one thing we always americans have to grapple with, we don't talk
economy. i think we could see pretty rapid rates of growth in next couple years if we get some of these problems solved which i think is coming. i think we'll see tax reform. i think we'll see entitlement reform in this country. you know what? give how bad this recovery has been so far, melissa, we're still five million jobs short where we were five years ago. melissa: yeah. >> you get the economy moving again that debt-to-gdp ratio falls. that is the good news of the story that is not...
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spain is massively also linked to the british economy through banking and as well as to the smaller and already baled that portugal so you're talking about huge an unpredictable ripple of the acts of such developments across the euro zone and across the world across the global economy right now the mood is let's keep everyone and let's keep trying of course this comes at a cost and i don't see many people jumping up and down to grab that bill but the true euro zone style i think they will try to muddle through for a bit longer. i was machinist as a journalist for dow jones newswires. all right let's wrap up with loose change dimitri lauren lyster are you a football fan no i don't like football i'm not really i don't like football murder for born yeah i'm not really there so that's why i didn't really know that this was the biggest deal in the world but judging by the chatter in our news room it sure is and by now you've probably heard about the botched play call by n.f.l. refs during the green bay seattle game well that bad call apparently cost three hundred million dollars for vega
spain is massively also linked to the british economy through banking and as well as to the smaller and already baled that portugal so you're talking about huge an unpredictable ripple of the acts of such developments across the euro zone and across the world across the global economy right now the mood is let's keep everyone and let's keep trying of course this comes at a cost and i don't see many people jumping up and down to grab that bill but the true euro zone style i think they will try...
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Sep 27, 2012
09/12
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CNBC
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economy before today's data. but it does make you worry some when you see those cap ex numbers, the shipments and the core capital goods orders and it is revisions to them. but i do think that that is more sentiment based and that as we come through this next couple of months, that you'll start to see a more -- people more apt to look at the dollar as the right place to be. >> mike murphy, go ahead. >> fundamentally, i'm agreeing with you on a lot of the points. but the old saying, don't fight the fed, you look at what's going on, there's talk that china is going to add additional stimulus tonight. but looking at this trade, if stimulus keeps coming into the market, gold is up almost 1.5% today. across the board, commodities are up. isn't it hard to be on the other side of bernanke, the ecb and china all at once? >> we tend to look at commodities as being a supply demand play. and when we look at demand, supply is adequate in most of these commodities. when we look at demand coming mostly from china, in a lot of
economy before today's data. but it does make you worry some when you see those cap ex numbers, the shipments and the core capital goods orders and it is revisions to them. but i do think that that is more sentiment based and that as we come through this next couple of months, that you'll start to see a more -- people more apt to look at the dollar as the right place to be. >> mike murphy, go ahead. >> fundamentally, i'm agreeing with you on a lot of the points. but the old saying,...
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simpson they were going in the white bronco like twenty miles an hour best a global economy there is a there is ben bernanke you talking in there everyone is like a slow speed car chase drone of you know boeing this guy ben bernanke who all you also say is. i'm not sure exactly what i'm talking about except that i'm i'm convinced that printing more money is the answer and so he just throws it out the windows and people go well you know oh yeah i can use. to collateralize one next job placement yeah it's a slow speed car chase but because as you say he's on bath salts he's injected bath salts into the banking system into the monetary system he thinks he's going like five hundred miles per hour like well going so fast. he's slowly crashing. out of me well don't you back of course as well go the way but all these other big money center banks are to big to fail banks are technically insolvent their liabilities are ten times greater than the equity their resale value was your own they've got nothing but a cartridge toner full of back there to crank out counterfeit collateralized obligatio
simpson they were going in the white bronco like twenty miles an hour best a global economy there is a there is ben bernanke you talking in there everyone is like a slow speed car chase drone of you know boeing this guy ben bernanke who all you also say is. i'm not sure exactly what i'm talking about except that i'm i'm convinced that printing more money is the answer and so he just throws it out the windows and people go well you know oh yeah i can use. to collateralize one next job placement...
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has warned that further quantitative easing will fail to prepare economies in europe and the u.s. well why i am a federal reserve bank which is the lender of last resort responsible for taking the punch bowl away when the party gets to rot is not do their job instead of being the lender of last resort there's a buyer a first resort they buy every schlock piece of junk bond that these investment banks that used to destroy the economy they'll take it there are buyers and very garbage bond out there and this was to be the buyer of first resort just went through the lender of last resort think completely screwed this thing up they got it all backwards and paul volcker of course back in the seventy's early eighty's he took interest rates up to sixteen percent to squeeze out. these no good mix well to cover out all of this fraud max remember at the beginning of this crisis we were told it's a liquidity crisis it's a little quickly the crisis if we only had more cash in the system all would be fine right well he said there is so much liquidity in the market the adding more is not going t
has warned that further quantitative easing will fail to prepare economies in europe and the u.s. well why i am a federal reserve bank which is the lender of last resort responsible for taking the punch bowl away when the party gets to rot is not do their job instead of being the lender of last resort there's a buyer a first resort they buy every schlock piece of junk bond that these investment banks that used to destroy the economy they'll take it there are buyers and very garbage bond out...
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Oct 1, 2012
10/12
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CNBC
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a strong economy means an economy where people will want to invest, where returns are are high, where money will flow in and those will be things that support the dollar in the medium to long term. so i don't see any insontscy wi inconsistency in our policy and maintaining a strong dollar. >> i want to make sure we got a question in about unemployment because it is a question i think a lot of people are thinking about. have you been surprised that the policies that have been implemented in the last few years haven't had a greater impact on the unemployment rate and what in your mind are the main explanations for why unemployment is still at the level that it is at? >> well, at some level the issue is not unemployment itself. it is the fact that the economy hasn't grown that fast. the unemployment rate has come down about as much or even a little more than you might expect it would given the speed of growth of the economy overall. if the economy's growing at trend or less, you're just not going to see much progress in unemployment. real question is not is there something wrong with the
a strong economy means an economy where people will want to invest, where returns are are high, where money will flow in and those will be things that support the dollar in the medium to long term. so i don't see any insontscy wi inconsistency in our policy and maintaining a strong dollar. >> i want to make sure we got a question in about unemployment because it is a question i think a lot of people are thinking about. have you been surprised that the policies that have been implemented...
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is the country going to return to growth that if the economy continues on this path it's been greece and greece it's been a five year long recession which is frankly i'm precedented for a country that's not in war at war. nor the outcome of this is lower tax receipts it's a bigger you know unemployment benefit bills and definitely that's not conducive to say privatisations in an environment of such and security and contraction so these are a bit tough questions and really what we see is that the greek populations or most of you know the greek society is losing patience because they've been asked to foot the bill before and it hasn't really worked. that said another part of the greek population continues to tax evader and remain largely unaffected by the rises and that is something this government has to really really tackle. so same issues and grace no real different outcome yet but still ahead what about spain we'll hear more from eighteen at stats on the protests in spain and what the dissent means but first closing market numbers. download your application. choose your language st
is the country going to return to growth that if the economy continues on this path it's been greece and greece it's been a five year long recession which is frankly i'm precedented for a country that's not in war at war. nor the outcome of this is lower tax receipts it's a bigger you know unemployment benefit bills and definitely that's not conducive to say privatisations in an environment of such and security and contraction so these are a bit tough questions and really what we see is that...
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Sep 28, 2012
09/12
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CNBC
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but it is facing an unbalanced economy. when the export sector suffers -- perhaps there is a glimmer of light in the u.s. the u.s. is predicted to grow at 2%. that could support japan. but the biggest export partner is china and the real problem is not so much the island dispute, but the quite serious slowdown we're seeing in china. but it's considered it will slow down quite considerably for the foreseeable future. so not a particularly good point. >> you raise a good point, how relaxed you can be when we don't know what will happen over the islands? >> we've had these spats before. island disputes are a fairly natural byproduct of a more as ser difference c assertive china. you have a leadership transition in china, in the u.s., you have a leadership transition in japan of course. my forecast is that once these transitions have taken place, things will come back and business will turn to normal until the next time there's a spate. you but i don't expect this spate to get out of control to any greater extent than we've alr
but it is facing an unbalanced economy. when the export sector suffers -- perhaps there is a glimmer of light in the u.s. the u.s. is predicted to grow at 2%. that could support japan. but the biggest export partner is china and the real problem is not so much the island dispute, but the quite serious slowdown we're seeing in china. but it's considered it will slow down quite considerably for the foreseeable future. so not a particularly good point. >> you raise a good point, how relaxed...
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that does nothing to do to create wealth right because the whole idea of a free market capitalist economy is that it goes through booms and busts you want the booms and busts you want to have the market figure out which of the winners and which are the losers and you go through these cycles that if you don't have the cycles what you have is one perpetual all mom not news guru just shut down the fed because they do more harm than good basically. well he said it was the most extreme easing of monetary policy he could recall and that's why you see the image of him essentially flipping the bird and this is the telegraph a very conservative newspaper here that put the photo on their website and didn't mention that in the u.k. that image looks very much like a harvey smith or the tongs as they call it in skull and that this is the flipping the bird no move or. just pulled out of his pants and shows his cheeks could just. pull. like the super bowl or flash but. just my quantitative easing ben. well in germany they're also having a very difficult time responding to this madness in the central ban
that does nothing to do to create wealth right because the whole idea of a free market capitalist economy is that it goes through booms and busts you want the booms and busts you want to have the market figure out which of the winners and which are the losers and you go through these cycles that if you don't have the cycles what you have is one perpetual all mom not news guru just shut down the fed because they do more harm than good basically. well he said it was the most extreme easing of...
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Oct 1, 2012
10/12
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MSNBC
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i think they've heard a lot about the economy. and they're not interested in the minutia. >> governor, let me get your take on style versus substance. and can you really coach style? i mean, maybe you can say don't look at your watch, but aren't these guys who they are by now? >> i think a lot of it comes down to whether or not the candidates look like they're comfortable in their own skin. i think the president certainly does. and it's been perhaps more difficult for governor romney because he's had to change positions a number of times throughout the campaign. >> well, that's the democratic talking point. having said that, do you think that this is -- the debates are a lot about who would you rather have a beer with? who would you like to have lunch with? >> my sense is the debate is about who has the better vision for the country's future. who really understands the challenges. who's got the right plan and who's likeliest to make it happen. >> what do you think the biggest challenge is for the president? in bloomberg, al hunt s
i think they've heard a lot about the economy. and they're not interested in the minutia. >> governor, let me get your take on style versus substance. and can you really coach style? i mean, maybe you can say don't look at your watch, but aren't these guys who they are by now? >> i think a lot of it comes down to whether or not the candidates look like they're comfortable in their own skin. i think the president certainly does. and it's been perhaps more difficult for governor...
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Sep 29, 2012
09/12
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FBC
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we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent because we have an economy that has to many burdens. large new spending programs, large debt, and now large regulatory burden. lori: the most costly federal agencies of the epa, department of housing and human services. ideas for cuts? baena we are locked in as we are talking about, but going forward . >> you have to go to the epa and ask a very, very serious question. what point have we crossed the line with a green agenda is crushing the jobs agenda. i think that is a place where we ought to start. think hard about has been goin
we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent...
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Sep 27, 2012
09/12
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CNBC
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it's about the politics, not the economy. i think the people generally speaking are quite happy with the stimulus package and with the political system. >> tensions indeed remain high especially in some towns in the eastern province of the kingdom. of course we also got a start on the broader concept and developments in the arab spring. why he chose india over china when it comes to their broader investment strategy. and of course we'll talk about the art of private equity, as well. but just on a closing note, ross, the commonalty in these investments in the strategy, the philosophy of these strategies, is basically an emerging middle class and growingoff the next few years. >> all right. look forward to that. yousef, thanks very much. a good teaser for us all. now, elsewhere, l'oreal chairman has warned hollande of the consequences of a 75% top rate of income tax. stefane is in paris with more on this. we'll see the talents either flying out or not going i guess, stefane. >> that's the view from chairman and ceo of l'oreal,
it's about the politics, not the economy. i think the people generally speaking are quite happy with the stimulus package and with the political system. >> tensions indeed remain high especially in some towns in the eastern province of the kingdom. of course we also got a start on the broader concept and developments in the arab spring. why he chose india over china when it comes to their broader investment strategy. and of course we'll talk about the art of private equity, as well. but...